Cut Spending Election

Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending

Business - Financial Times - 8 hours ago

Rachel Reeves defiant after historic tax and spend Budget

Verdict of markets will be critical for UK chancellor’s plans to increase government borrowing

Business - Financial Times - 11 hours ago

Construction spending ticks up to four-month high in September

Construction spending rose 0.1% in September, the Commerce Department reported Friday.

Business - MarketWatch - 9 hours ago

Interest rate cut hopes raised as wage growth slows

Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.

BBC to cut 155 roles from news operation

Broadcaster hopes move will save £24mn from budget, according to internal memo sent to staff

Business - Financial Times - October 15

McKinsey Cuts Hundreds From China Workforce

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

Business - The Wall Street Journal - October 17

Titans cut safety Adams, honoring his request

The Titans released Jamal Adams, honoring the three-time Pro Bowl safety's request.

Sports - ESPN - October 17

Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.

Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.

Business - The New York Times - October 17

Tourism hotspot cuts council tax on second homes

Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.

Parents fight to stop cuts to school transport

North Yorkshire Council will only fund bus travel to a child's nearest school from 2025.

Sports - Yahoo Sports - October 18

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

Passengers stuck on planes and homes without power

Northern Ireland Electricity restored power to more than 10,000 customers over the course of Sunday.

Fed Leaders Favor Rate Cuts, But Differ on Pace

Four policymakers agree the central bank should make further rate cuts, though some support a slower, smaller set of reductions.

Business - Inc. - October 22

Volvo Car Cuts Guidance on Worsening Auto Market

The Swedish car maker cut its full-year guidance and said it now anticipates negative cash flow due to lower sales expectations and a weak market.

Business - The Wall Street Journal - October 23

Beyond Inc. to Cut Workforce by About 20%

Beyond Inc. is cutting about 20% of its workforce as part of broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath ...

Business - The Wall Street Journal - October 22

Intesa Sanpaolo unveils plans to cut 9,000 jobs

Italy’s largest bank wants to reduce costs by accelerating its digital transformation

Business - Financial Times - October 23

Dassault Systemes Cuts Guidance After Earnings Disappoint

The French software maker lowered its guidance for the year after revenue and operating profit came in shy of analyst expectations in the third quarter.

Business - The Wall Street Journal - October 24

Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All

The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.

Business - The New York Times - October 24

Trudeau announces sharp cuts to Canada's immigration targets

The government says it "didn't get the balance quite right" when it bolstered immigration to address labour shortages.

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

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